The Neighborhood:
Downtown Royal Oak

The typical asking rate per listing is in the $30's per square foot per year.
The Downtown Royal Oak region is going through a decrease in rates.
In the last 3 months, the median rate
decreased
$5 per sqft per year.
That's a 14%
decline in rent.

Compared to the rest of the Metro Detroit market, the Downtown Royal Oak region has
higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.